Income statements for Balrd Company for 2018 and 2019 follow BAIRD COMPANY Income Statements 2819 2018 $181,60e Sales $201,600 Cost of goods sold Selling expenses Administrative expenses 143,eee 21, see 12,70e 3,200 $180,400 21, 20e 7,eee 121, eee 19, see 14,7ee 5,2ee $160,4ee Interest expense Total expenses Income before taxes 21, 280 3,7ee $ 17,see Income taxes expense Net income $ 14,200 Required a. Perform a hortzontal analysis, showing the percentage change in each Income statement component between 2018 and 2019 b. Perform a vertical analysis, showing each Income statement component as a percentage of sales for each year Complete this question by entering your answers in the tabs below. Required B Required A Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019 (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e.234 should be entered as 23.4).) BAIRD COMPANY Horizontal Analysis of Income Statements Next> a. Perform a hortzontal analysis, showing the percentage change In each Income statement component between 2018 and 2019 b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year Complete this question by entering your answers in the tabs below. Required A Required B Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e. .234 should be entered as 23.4).) BAIRD COMPANY Horizontal Analysis of Income Statements Percentage Change over 2018 Sales % Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income (loss) Required B Required A Required B Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. (Percentages may not add exactly due to rounding. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).) BAIRD COMPANY Vertical Analysis of Income Statements Percentage of Sales 2019 Percentage of Sales 2018 % Sales Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses Income before taxes Income taxes expense Net income Required A